The Resurgence of Natural Gas: A Clean and Affordable Energy Solution
The concluded winter presented unusually elevated temperatures and a 'milder' heating season for thousands of Bulgarians
Bulgaria and Greece's Energy Ministers are to sign on Thursday the investment agreement to build a gas interconnector that will help bring supplies from Azerbaijan to Bulgaria and further north.
The project has been in limbo for months after the signing, scheduled for July, was postponed, with Athens citing obstacles due to the political situation in the summer.
Interconnector Greece-Bulgaria (IGB) will be managed by ICGB, a joint venture of the Bulgarian Energy Holding and IGI Poseidon (Greece). Its initial capacitz will be 3-5 billion cubic meters per year.
Panos Skourletis, Greece's Energy Minister, will attend the ceremony at the Council of Ministers' building in Sofia, alongside Bulgarian counterpart Temenuzhka Petkova and Bulgarian Deputy PM Tomislav Donchev.
Bulgaria's Prime Minister Boyko Borisov has also been invited.
IGB is listed among the EU Commission's Projects of Common Interest (PCI), which means the Commission is firmly standing behind the project to boost security of supplies.
On a visit to Sofia in January, US Secretary of State John Kerry pledged to help kickstart the project, also negotiating EU funding in Brussels.
But disputes over the details also delayed the beginning this year.
IGB could potentially deliver gas to Bulgaria (and then, after building additional infrastructure, to Romania) from the Southern Gas Corridor, which will transport it from Azerbaijan to Italy via Turkey, Greece, and Albania and then under the Adriatic.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022